question archive 5) Currently in Economica, the frictional rate of unemployment
5) Currently in Economica, the frictional rate of unemployment
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5) Currently in Economica, the frictional rate of unemployment...
5) Currently in Economica, the frictional rate of unemployment is 3.0 %, the structural rate of unemployment is 1.0 %, and the cyclical rate of unemployment is 3.5 %. In the winter, there is seasonal unemployment of 1%.
In this country, the seasonally adjusted natural rate of unemployment would be considered to be _____%.
(Round your response to one decimal place.)
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Natural rate of unemployment= frictional unemployment + structural unemployment =3+1=4%
cyclical and seasonal unemployment is not calculated under natural rate of unemployment.
